Tag Archives: Modern Monetary Theory
Modern Monetary Theory – Part 3 Deficit Spending & Taxation
There has been significant criticism of the new Labour Government Finance Minister, Grant Robertson, of late because of his determination to stick to his budget surplus & government debt to GDP targets outlined in his Budget Responsibility Rules that formed part of the coalition agreement. Even orthodox economists are ambivalent about this government “borrowing” more […]
Modern Monetary Theory; Part Two Government Job Guarantee
A fundamental part of MMT is a Government Job Guarantee. Basically this is a commitment for the government to act as employer of last resort at minimum wage. Everybody who wants a job up to 40 hours a week can get one regardless of circumstances. It removes all involuntary unemployment and underemployment. If you have […]
Modern Monetary Theory; Overview Part 1
This is a multi part exposition of Modern Monetary Theory (MMT) & the closely associated topics of a Job Guarantee & deficit financing. It also along the way challenges the ideological political & economic project commonly referred to as neoliberalism. The topic may seem dry, esoteric or even boring, but its implications are profound, affecting […]
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